A substantial rebound in the energy prices and the appurtenant refection in the manufacturing sector helped brighten the prospects of Qatar’s industrial sector in April 2021, according to official estimates.
Qatar's PPI or producers price index — a measure of the average selling prices received by the domestic producers for their output — registered a stupendous 70.2% growth on yearly basis. It was up and 0.5% on a monthly basis, said the figures released by the Planning and Statistics Authority (PSA).
The PSA had released a new PPI series in late 2015. With a base of 2013, it draws on an updated sampling frame and new weights. The previous sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower.
The mining PPI, which carries the maximum weight of 72.7%, reported a robust 85.4% surge year-on-year in April 2021 as the selling price of crude petroleum and natural gas was seen gaining a huge 86.3%, even as that of stone, sand and clay declined 7.1%.
The mining PPI, however, registered a 1.8% decrease on a monthly basis in April this year on the back of a 1.8% contraction in the selling price of crude petroleum and natural gas and 1.4% in stone, sand and clay.
The manufacturing sector, which has a weight of 26.8% in the PPI basket, witnessed a 48.8% increase year-on-year in April 2021 on a 59.8% in the refined petroleum products, 55.3% in basic chemicals, 26.7% in basic metals, 10.3% in paper and paper products, 2.5% in juices and 0.9% in dairy products.
Nevertheless, there was 5.9% shrinkage in the price of cement and other non-metallic mineral products, 1.3% in grain mill and other products, 0.8% in other chemical products and fibres and 0.1% in rubber and plastics products.
The manufacturing sector PPI had seen a monthly 5.4% expansion in April 2021 as the selling price of basic metals shot up 13%, basic metals (4.1%), refined petroleum products (3.5%), paper and paper products (2.3%), cement and other non-metallic mineral products (1.8%), rubber and plastics products (1.1%) and beverages (0.4%).
However, the prices of juices declined 1.2%, grain mill and other products (0.2%) and dairy products (0.1%).
The utilities group, which has a mere 0.5% weightage in the PPI basket, saw its index surge 12% year-on-year because the selling price of water was seen rising 20.1%, even as that of electricity was flat in April 2021.
The index had however seen a 3.9% contraction month-on-month this April with the selling price of electricity plummeting 11.9%; whereas that of water grew 6.7%.
Qatar's PPI or producers price index — a measure of the average selling prices received by the domestic producers for their output — registered a stupendous 70.2% growth on yearly basis. It was up and 0.5% on a monthly basis, said the figures released by the Planning and Statistics Authority (PSA).
The PSA had released a new PPI series in late 2015. With a base of 2013, it draws on an updated sampling frame and new weights. The previous sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower.
The mining PPI, which carries the maximum weight of 72.7%, reported a robust 85.4% surge year-on-year in April 2021 as the selling price of crude petroleum and natural gas was seen gaining a huge 86.3%, even as that of stone, sand and clay declined 7.1%.
The mining PPI, however, registered a 1.8% decrease on a monthly basis in April this year on the back of a 1.8% contraction in the selling price of crude petroleum and natural gas and 1.4% in stone, sand and clay.
The manufacturing sector, which has a weight of 26.8% in the PPI basket, witnessed a 48.8% increase year-on-year in April 2021 on a 59.8% in the refined petroleum products, 55.3% in basic chemicals, 26.7% in basic metals, 10.3% in paper and paper products, 2.5% in juices and 0.9% in dairy products.
Nevertheless, there was 5.9% shrinkage in the price of cement and other non-metallic mineral products, 1.3% in grain mill and other products, 0.8% in other chemical products and fibres and 0.1% in rubber and plastics products.
The manufacturing sector PPI had seen a monthly 5.4% expansion in April 2021 as the selling price of basic metals shot up 13%, basic metals (4.1%), refined petroleum products (3.5%), paper and paper products (2.3%), cement and other non-metallic mineral products (1.8%), rubber and plastics products (1.1%) and beverages (0.4%).
However, the prices of juices declined 1.2%, grain mill and other products (0.2%) and dairy products (0.1%).
The utilities group, which has a mere 0.5% weightage in the PPI basket, saw its index surge 12% year-on-year because the selling price of water was seen rising 20.1%, even as that of electricity was flat in April 2021.
The index had however seen a 3.9% contraction month-on-month this April with the selling price of electricity plummeting 11.9%; whereas that of water grew 6.7%.